Tag: CBN
The 2026 Nigerian bank recapitalization: where does your bank stand?
The CBN set a high bar of ₦500 billion for international banks and ₦200 billion for National banks. Crucially, this…
NCC, CBN to unveil refund framework for failed airtime, data transactions
The framework represents a unified position by both the telecommunications and financial sectors on addressing such complaints.
Naira weakens against dollar at official market
The naira began the week stronger, appreciating by N2.59 at the official window on Monday.
‘Why CBN revoked operating licences of Aso savings, Union homes’
CBN said Aso Savings and Loans Plc and Union Homes Savings and Loans Plc violated various sections of regulations guiding…
CBN Data: Naira rebounds after week of mild losses
Data released by the Central Bank of Nigeria (CBN) showed that the local currency closed at N1,454.41 to the dollar,…
New Banking Rules: How the CBN’s withdrawal limits affect you
The CBN has completely removed the limit on cash deposits. This means customers can now deposit any amount of money…
CBN celebrates milestone as foreign reserves jump to $46.8bn
According to the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, this is the highest level the country…
SERAP demands answers over missing N3trn in CBN account
“Nigerians have the right to know the whereabouts of the public funds. Taking the recommended measures would advance the right…
CBN gives reasons for stability in Naira exchange rate
The exchange rate had climbed to about N1,800 to a dollar at the height of market volatility but had stabilised…
Naira depreciates again as CBN records 1.04% weekly decline
Despite the mixed performance, Nigeria’s foreign reserves continued to grow, reaching $43.32 billion as of November 6, 2025.
CBN told to introduce ₦10,000, ₦20,000 notes
illustrate the extent of the currency’s decline, the report compared prices from 2005 to 2025: a kilogram of imported rice…
CBN survey shows Nigerians still expect prices to rise despite slight economic optimism
Businesses and households in Nigeria have listed high interest rates, multiple taxes, and poor infrastructure as the biggest challenges they…
Osun Govt seeks withdrawal of suit on withheld LG funds
Adetunbi said that the suit, which sought to safeguard the withheld local government funds, had been defeated as the allocation…
CBN, AGF bid to stop suit on withheld Osun LG funds fail
The judge dismissed the motion filed by the state government calling for the return of the case to the Osogbo…
Nigeria’s trade surplus climbed to 6% – Cardoso
Cardoso, who also led the Nigerian delegation to the annual meeting of the IMF/World Bank Group in Washington, reiterated the…
CBN’s gains tested as naira falls slightly to ₦1,467 per dollar
The NBS is expected to release its Consumer Price Index (CPI) report for September on Wednesday.
FCCPC hails CBN’s plan to tackle ATM failures, delayed refunds
The FCCPC stressed that early adoption of the guidelines will offer immediate relief to affected customers and enhance confidence in…
Naira Boom Explained: How CBN reforms, oil gains, strengthened the currency
commended the close collaboration between the Ministry of Finance and the CBN, adding that public statements by the Coordinating Minister…
Naira strengthens to ₦1,455/$ as Nigeria’s external reserves grow
As the foreign exchange market continues to stabilize, stakeholders are urging the federal government to consolidate the gains by ensuring…
New Banking Rules: 10 things PoS operators must know to avoid sanctions
These rules, known as the Guidelines for the Operations of Agent Banking in Nigeria, were issued on October 6, 2025.…
CBN reforms to stabilise economy, restore investor confidence – Cardoso
Cardoso said when he promised to clear verifiable FX backlog estimated at over seven billion dollars, the feat was a…
CBN interventions, inflows keep naira stable at ₦1,483/$
Short-term forecasts suggest the dollar will likely trade within ₦1,480–₦1,495 in the official market and ₦1,485–₦1,500 in the parallel market…
Import costs fall as exchange rate strengthens to N1,480/$
The parallel market also reflected the trend, with the naira exchanging between N1,490 and N1,495 this week.
CBN Licenses Amaanah Finance Company to offer Non-Interest Banking in Nigeria
Speaking on the announcement, Dr. Akeem Oyewale, Chairman of the Board, described the license as “a mandate to reimagine how…
Again, CBN warns Nigerians against spraying, writing on Naira
Deputy Governor of Operations, Mr. Bala Bello, represented by Dr. Adetona Adedeji, Director of Currency Operations and Branch Management, condemned…
Naira strengthens as CBN slashes interest rate for first time in five years
Traders, businesses and households alike will be watching closely in the coming days to see if the positive momentum continues…
CBN slashes Interest Rate to 27% in bold move to stimulate Economy
The current adjustment reflects the CBN's cautious approach to balancing inflation control with economic growth stimulation.
Naira strengthens to N1,497/$ as CBN begins key interest rate talks
Some Fed officials, including Governor Stephen Miran, had pushed for a deeper 50 basis point cut. His upcoming speech could…
No more cash stress! CBN unveils new mode of payments in Nigeria
The initiative was officially launched on Tuesday during the inaugural meeting of the PSV 2028 Project Committee in Lagos.
CBN moves to revive eNaira, expand digital financial access
The eNaira was launched in October 2021 to help more people join the financial system, but its usage has remained…